MLS Public Remarks Rare, FULLY APPROVED, turn-key new development opportunity on Madison's near east side in an existing opportunity zone. Own ~2 acres, 2 existing remodeled homes AND full city/neighborhood approval for an incremental 24 units on site. Price includes all land, both remodeled homes, all city/neighborhood approvals, in-place architect, all drawings, GC (if desired) & a building permit waiting at the City office. The deal is packaged & ready to go for a buyer/developer that wants to skip the city/neighborhood approval process & hit the ground running in a popular & fast growing east side neighborhood. Also listed as 2 single family homes (MLS 1888803/MLS 1888804, multi-family (MLS 1888805), and lots/acreage (MLS 1888806). Two parcels included in sale (081032312035 & 081032312027)
Location City
Other Marketing Area
Mailing City Madison
C/T/V City
Unit #
Directions East On E. Washington, Left On Mccormick Ave, Right On Commercial Ave
Real estate for sale Yes
Business for sale No
For lease only No
Ann. Rent/SqFt $17
Total Units/Bldg 2
Building Gross SqFt 2,765
Net Leasable SqFt 2,765
Year Built 1925
Source for Year Built PubR
Approx Bldg Dimen 0x0
Street Frontage 133
Parking Fees/Mo. $0
Onsite Parking 15
# of Stories 2
Ceiling Height Min 0
Ceiling Height Max 0
Number of Loading Docks 0
Zoning SR-V2
Est. Total Acres 2.25
Source Of Est Acres
Lot Dimensions
Owner
Tradename
Land Assessment $120,800
Assessment Year 0
Net Taxes $10,884
Tax Year 2019
Improvements $371,200
Total Assessment $0
Income/Expenses Year $0
Gross Operating Income $0
Annual Operating Exp $0
Net Operating Income $0
Unit |
Lease Type |
Lease Exp. Date |
Renewal Option |
Base Annual Rent |
Annual Rent/SqFt |
Other Fees/SqFt |
Gross SqFt |
1 |
annual |
08/14/2020 |
0 |
$1,495 |
$17 |
$0 |
1,100 |
2 |
vacant |
vacant |
0 |
$0 |
$0 |
$0 |
0 |
3 |
- |
0 |
0 |
$0 |
$0 |
$0 |
0 |
Items Included
Items Excluded
Heating/Cooling Radiant
Water/Waste Municipal sewer, Municipal water, Well
Basement Full, Walkout/Outside entrance
Fuel Liquid propane
Seating Capacity
Type Apartment building
Exterior Treatment
Building Parking 11-20 spaces, Onsite
Roofing Other
Terms/Option
Miscellaneous
Documents on File Lease(s)
Location Free standing, Near public transportatn, Residential area
Tenant Pays Electric, Heat, Sewer, Water
Present Use Apartment building
Licenses None
Lease Type Annual
Occupied by
Sale Includes Lease(s), Other
Features
Above Information Deemed Reliable, But Not Guaranteed
Listing Courtesy of The Hub Realty